Press release
Latin America Artificial Intelligence Market to Reach USD 30.20 Billion by 2033
Market Size in 2024: USD 4.71 Billion
Market Forecast in 2033: USD 30.20 Billion
Market Growth Rate (2025-2033): 22.9% CAGR
The Latin America artificial intelligence market size was valued at USD 4.71 Billion in 2024, according to a new report by IMARC Group. Looking forward, the market is projected to reach USD 30.20 Billion by 2033, expanding at a CAGR of 22.9% during 2025-2033.
Latin America Artificial Intelligence Market Trends and Drivers:
The market is growing fast. Digital transformation is speeding up in many industries in Latin America. That's why this is happening. More companies in retail, banking, healthcare, and logistics are using AI tools. They aim to improve operations, customize customer experiences, and automate daily tasks. More people in the area are using the internet and mobile devices. This increases the need for smart digital solutions.
Government Support and Policy Initiatives
Countries like Brazil, Mexico, and Colombia are creating national AI strategies. They are also investing in AI research, forming public-private partnerships, and improving infrastructure. AI is driving demand in the public sector. This includes areas like education, transport, and public safety.
Expansion of AI in Healthcare and Fintech
Healthcare providers in Latin America are using AI tools. These include diagnostic tools, virtual assistants, and predictive analytics. They aim to improve patient care and make medical services more efficient. The growing fintech sector is using AI for several purposes. This includes fraud detection, credit scoring, chatbots, and risk assessment. These tools help improve financial inclusion and make digital banking services more efficient.
Proliferation of Cloud-Based AI Solutions
Cloud computing is becoming more available and affordable. This change lets small and medium-sized enterprises (SMEs) use AI applications. They can do this without needing big infrastructure investments. Cloud-based platforms provide scalable AI services. These include natural language processing (NLP), computer vision, and machine learning-as-a-service. This helps businesses in Latin America use advanced technologies without high costs.
Latin America Artificial Intelligence Market News
• In May 2025, Microsoft announced the expansion of its Azure AI cloud services in Brazil and Chile, aiming to support local enterprises with scalable AI infrastructure.
• Nubank, one of Latin America's leading digital banks, launched a new AI-based virtual financial advisor in 2024, enhancing customer engagement through personalized insights.
• In 2024, Mercado Libre integrated AI-driven recommendation engines and fraud prevention models across its logistics and e-commerce operations to boost efficiency and trust.
For an in-depth analysis, you can refer sample copy of the report:
https://www.imarcgroup.com/latin-america-artificial-intelligence-market/requestsample
Latin America Artificial Intelligence Market Segmentation:
Analysis by Type:
• Narrow/Weak Artificial Intelligence
• General/Strong Artificial Intelligence
Analysis by Offering:
• Hardware
• Software
• Services
Analysis by Technology:
• Machine Learning
• Natural Language Processing
• Context-Aware Computing
• Computer Vision
• Others
Analysis by System:
• Intelligence Systems
• Decision Support Processing
• Hybrid Systems
• Fuzzy Systems
Analysis by End-Use Industry:
• Healthcare
• Manufacturing
• Automotive
• Agriculture
• Retail
• Security
• Human Resources
• Marketing
• Financial Services
• Transportation and Logistics
• Others
Country Analysis:
• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Explore the Full Report with Charts, Table of Contents, and List of Figures
https://www.imarcgroup.com/request?type=report&id=3952&flag=C
Key Highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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